Pros and Cons of Buying A Home From A Long Island Investor

If you are interested in buying a home in the Long Island area, it is often to look beyond the MLS. Some of the best deals are never listed and can only be found when you work with a professional team of property investors! In our latest post, learn more about how buying from a professional investor can benefit you.

Most people think that there is only one way to buy a house. You call an agent, tour some homes, try to get a loan, make an offer and that’s that. But what if you are looking to save some money? Find properties with real value? Or you simply want to work with a seller one on one, without the commissions, fees and red tape?

A great way to do this is to partner with a local Long Island property investor. There are pros and cons to working with an investor, just like any other real estate transaction. Keep reading to find out if buying a home from a professional property investor is the right choice for you!

Pros:

They Are Looking For A Good Deal Too

Professional property investors buy and sell houses for a living. They know the process and know what makes for a good value on a house. They know where to look to find the best deals, and won’t purchase a property that doesn’t meet their standards. By working with a professional property investor, you will be able to utilize their knowledge about local real estate and eliminate much of the legwork that they will have done for you.

No Agents

Some agents are truly wonderful. They are in this business to help people find a home and are passionate about what they do. However, there are others that are simply trying to make a buck and will talk you into any house just so they get their commission at closing. Some agents will give you the runaround or make promises they can’t keep. It can be difficult to know who to trust, and by eliminating the agent and handling matters yourself, you will know everything is being taken care of quickly and on time. Plus, if the seller isn’t going to be straddled with commission costs, they are likely to give you a better deal on the property!

All Types And Stages

Most investors deal with many different types of properties and they also invest in and offer homes in all stages of rehabilitation. Some people love the idea of buying a house with a gutted kitchen or bath, as they will now have the freedom to make it exactly what they want it to be. Other people are looking for homes that are move-in ready… investors will have those too! No matter what type of house you are looking for, a savvy Long Island real estate investor will have it in their inventory… or know where to find it!

They Can Find What You Are Looking For!

Most top real estate investors are well connected within the real estate industry. They will be the first to know about new deals hitting the market and how to go about acquiring them. If you are looking for something in particular, let the investor know your specs and price point, and they will work to make it happen for you! They will know the best contractors, the best title companies, and will be able to connect you when you need these types of services.

Cons:

They Aren’t All The Same

Not all investors are the same. Sure, investors are running a business, and they should want to be profitable. However, there is a line and different motivations for different people. At Comax Properties, we are in it to help people find houses at affordable prices. We believe that by eliminating the middleman, buyers and sellers can work together to achieve their goals. Watch out for investors that offer properties that are too good to be true… they very likely are!

Watch Out For Cut-Rate Repairs

Many investors will buy run-down properties for pennies on the dollar and fix them up as cheaply and as quickly as possible. When you are buying a renovated home, make sure you review all of the repairs that have been done and make sure everything has been done up to code.

Are you ready to buy a Long Island house? We can help! Send us a message or give us a call today! 516-704-7025

My name is Joe Cordes and I am the owner of Comax Properties, a local real estate solutions company. We're dedicated to helping Long Island homeowners who need a solution for their house or mortgage trouble. If you need to sell a house in Long Island call me at 516-704-7025 so we can talk about your specific needs.

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Testimonials

Comax Properties

I had a great experience working with Joe from Comax Properties with a house I owned in Hempstead NY. He was extremely professional and honest and did exactly what he said he was going to do. He was always very courteous and was an absolute pleasure to deal with. I would highly recommend Comax Properties

I met Joe Cordes when two different clients of mine need funding on homes that they were purchasing from Comax Properties in Long Island NY. I was immediately impressed by the high quality of the renovated homes he was selling. He definitely takes pride in putting a quality house on the market. He is always very straight forward and honest and resolves any issues that arise immediately. I deal with a lot of real estate professionals in my business and Joe is one of the best. I highly recommend Joe and his company.

Joe was instrumental in helping me in the sale of my moms house. It was already a stressful and overwhelming situation that was difficult to tackle at times, and selling her home wasn’t something I wanted to worry about. He was extremely informative every step of the process. He even went above and beyond to help me in other ways with my own home, even though it had nothing to do with the sale. If you’re looking into selling your home, Joe is the right person to go with!

Joe was an absolute pleasure to work with. While we decided to go a different route in the end, the information and guidance that he provided was priceless. It’s not often that you find someone willing to help you when they have nothing to gain from it. If an opportunity presents itself in the future for me to work with him again I wouldn’t hesitate and you shouldn’t either.

Erika Coble, Lynbrook, NY

Comax Properties

I first met Joe from Comax Properties while I was trying to sell my parent’s property in mid-’17. He showed up to take a look, maybe make an offer…but quickly realized that this particular property was not going to be a good fit for his interests. With most people in the real estate business, once they realize there’s no money in it for them…you see their taillights in about 3 seconds. But…not Joe! Realizing he had the knowledge & expertise that could ease & expedite what I wanted to do, he generosity offered his time & very helpful & dead-on accurate advice…spending well over an hour with me, discussing my situation…which was EXTREMELY helpful, and ultimately led to my getting even a greater selling price for the property than originally thought possible. For his time & guidance, he asked for nothing…offering only a friendly handshake & his personal contact info should I have any other questions that I wanted to get help with. In this day & age of ‘quick buck’ shysters, you just don’t find people like Joe too often…a person of high moral caliber, genuinely concerned & interested in “other” people’s success…even when it won’t benefit him at all. Joe, I want to thank you sir! I very much appreciate what you did for me & my family. You’re a true gentleman! And if you’re in the market for, or need Joe & his expertise…you can feel comfortable that you’re not dealing with a ‘fly-by-night’ type of person…because Joe’s one of the good ones, a man of high moral character & responsibility. Good luck in your future endeavors!!

We are a real estate solutions agency that specializes in helping homeowners get rid of burdensome houses fast. We are investors and problem solvers who can buy your house fast with a fair all cash offer. We also offer free foreclosure and short sale advise and assistance.